December 18, 2015 / 1:01 PM / 3 years ago

BUZZ-U.S. STOCKS ON THE MOVE-Intercept, Red Hat, Qihoo, Centene

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, U.S. stock index futures were lower on Friday as a selloff in commodity markets showed no signs of easing. Dow Jones industrial average futures were down 0.48 percent at 17,272, S&P 500 futures were down 0.46 percent at 2,015.5 and Nasdaq 100 futures were down 0.17 percent at 4,561.75.

** INTERCEPT PHARMACEUTICALS INC, Thursday close $165.95, -8.10 pct premarket

The U.S. Food and Drug Administration has postponed by three months its decision on Intercept Pharmaceuticals’ marketing application for its lead drug, to treat a kind of liver disease.

** RED HAT INC, Thursday close $78.86, +5.31 pct premarket

The Linux OS distributor raised its full-year revenue forecast for the second time, helped by a 14 percent jump in deferred revenue. The company reported better-than-expected Q3 profit, boosted by higher software subscription revenue.

** QIHOO 360 TECHNOLOGY CO, Thursday close $71.81, +2.07 pct premarket

The Chinese mobile security software maker said it agreed to be acquired by a consortium of investors for about $9.3 billion, including about $1.6 billion of debt.

** CENTENE CORP, Thursday close $61.86, +2.65 pct premarket

The drugmaker raised its 2015 profit forecast and reaffirmed its guidance for revenue, ahead of completing its $6.3 billion acquisition of smaller health insurer Health Net Inc.

** BLACKBERRY LTD, Thursday close $7.8, +5.64 pct premarket

The phone maker reported a fiscal third-quarter loss as widely anticipated, but posted its first quarter-to-quarter revenue gain in over two years, indicating that turnaround efforts may be gaining traction.

** APPLE INC, Thursday close $108.98

The Iphone maker said it will launch its payment service in China as soon as 2016, pitting it against entrenched Chinese rivals Alibaba Group Holding and Tencent Holdings .

** ALIBABA GROUP HOLDING LTD, Thursday close $83.56

The Chinese e-commerce giant has avoided being named on a U.S. blacklist for sites hosting the sale of fake goods, a victory for the firm after lobbying hard to avoid inclusion on the list.

** NORFOLK SOUTHERN CORP, Thursday close $85.06

Canadian Pacific Railway Ltd’s $27 billion bid for Norfolk Southern risks coming unstuck due to regulatory scrutiny of its impact on the U.S. rail market, in particular the possibility it could spark competition-crushing rival deals, according to former regulators and analysts.

** YELP INC, Thursday close $27.42

The review site and restaurant reservation service OpenTable have quietly ended a long-running partnership, the companies confirmed on Thursday, as the one-time allies increasingly eye each other’s businesses.

** KNIGHT TRANSPORTATION INC, Thursday close $24.51

The company cuts Q4 EPS view to 31-33 cents from 36-38 cents. Knight says lower revenue per total mile hurt trucking and logistics business, reducing EPS by 3-4 cents.

** POWER INTEGRATIONS INC, Thursday close $47.83

The company said a jury awarded the company 139.8 million in damages from Fairchild Semiconductor International Inc for infringing two of its patents after a trial in a San Francisco federal court. (Compiled by Rosmi Shaji in Bengaluru; Edited by Don Sebastian)

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